Vedanta Iron, Vedanta Aluminium & other group stocks jump up to 5%. Should you buy?

Four Vedanta Group stocks — Vedanta Iron and Steel, Vedanta Oil and Gas, Vedanta Power, and Vedanta Aluminium — jumped up to 5 percent following their June 15 listing after the mega demerger of Vedanta. Nuvama and Motilal Oswal initiated Buy coverage on Vedanta Aluminium with a target price of Rs 540, implying around 22 percent upside, citing it as India's largest pure-play primary aluminium company and the third-largest globally excluding China. Vedanta Aluminium reported its highest-ever quarterly aluminium production of 6.32 lakh tonnes in Q1 FY27, up 5 percent year-on-year, while Vedanta Power sales grew 38 percent year-on-year to 5,225 million units in the same quarter.